Indianapolis Times, Volume 43, Number 20, Indianapolis, Marion County, 3 June 1931 — Page 14

PAGE 14

STOCKS DIP ON HEAVY SELLING IN SPECIALTIES Early Gains Are Lost as List Meets Pressure Around Noon.

Average Stock Prices

Average of thirty industrials for Tuesday was 121.70, off 1.07. Average of twenty rails was 66.85. off 1.09. Average of twenty utilities was 49.63. off .45. Average of forty bonds was 93.74. off .38. BY ELMER C. WAI.ZER United Press Financial Editor NEW YORK, June 3.—Weakness in a few special issues unsettled the stock market after a fair rally in the early trading. Prices around noon were mixed with a few gains ranging to more than a point and losses running up to nearly 4 points. Pressure converged on Eastman Kodak, which broke to anew low at 11814, off 3%; J. I. Case 60V*, off 3%; Du Pont 71%, off 1, and Radio 13, off %. Wider declines occurred in a few other issues on smaller volume. Industrial Rayon dipped to 21%, off 3’L, and Youngstown Sheet and Tube dissented stock broke 55 points to anew low at 35. U. S. Steel Breaks United States Steel broke to 83% from an early high of 85%. Corresponding declines from their highs were made by American Can, General Motors, General Electric and other leaders. , Copper shares drifted to new low levels for many years, influenced by further reductions in the price for the metal. Some copper was sold here at 8% cents a pound, while the London price set anew record low. t Oil shares were bid up during the early trading on the Standard of New York-Vacuum merger victory, but they lost most of the gains. Rails were up better than other groups for a time after the opening, but gains were not held. Utilities declined slightly below the previous close. Power Output Off Among adverse factors today were a decline of 3.8 per cent in electric power output; a drop of from 44 to 42 per cent in steel production; a rise of 25,000 barrels daily in crude oil output and further price reductions in crude oil. Favorable Items included a rise in car loadings for the week ended May 23, reported today; low steel Inventories; a sharp decline in brokerage loans to 1922 levels and heavy oversubscription of the $800,000,000 offering of United States treasury 3% per cent bonds.

Bank Clearings

INDIANAPOLIS STATEMENT —June 3 Clearings $3,264,000.00 Debt* 3.086,000.00 OHICAGO STATEMENT —June 3 Clearings $89,200,000.00 Balances 10,000,000.00 TREASURY STATEMENT --June 3 Net balances for June 1 $36,122,866.91 Expenditures 6,780,484.39 Customs rects. mo to date... 1.587,103.17

New York Curb Market

(By Thomson & McKinnon) —June 3 11:301 11:30 Km Lt & Tr... 35 Nat Xnv 3 5 / \rk Gas 3’i Nat Pu Serv A. 16 3 * Brazil P & L.. 13‘'2 Newmont Min. 24V a Can Marc .... 2 3 /a Nla Hud Pwr... 9 3 * Cities Serv ... 10 Niles 14 ‘s Cord 7 3 /a Pantenec % Crocker &Wh,. 8 Penroad 5 Ourant M0t.... Hi Salt Creek 4 3 i Elec Bond Sh.. 32 Sel Indus 2' a Ford of E::e... aOVa Shenandoah ... 4 1 Fox Theater.. 2*a'Std of 1nd.... 20 1 * Goldman Sachs s’g Std of Kv 16‘e Gulf Oil 40 Std of Ohio 35'.* Hudson Bay... 3?.3tutz 22 Humble 0i1.... 51V* Air Trans 5Vi Ind Terr A... 10 iUn Gas (new).. 5Vi Int Super .... 20'/a'Un Lt & Pwr... 18 3 a Int Pete 9 Un Verde fi Mo Kan Pipe.. 3%;Ut Power 7 l i Mt Prod 3'■*Vacuum Oil ... 28'a

Net Changes

By United Press NEW YORK, June 2.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. Alaska Juneau 18 1 ... American Can 93* American Smelting 25 ... 1 American Telephone 158* ... 1* Auburn 138% ... 4 Bethlehem Steel 39% % ... Case 63 * 4a ... Consolidated Gas 83% % ... Dome Mines 12 Electric Power 31 * 1 Fox Film A 14 ... 1 General Electric 36% % ... General Motors 31% .. % Gillette 21% ... % International Telephone .... 21 % ... % Kennecott 14% ... 1 Locw's Inc 36% % ... Montgomery Ward 16* ... * Nat Biscuit 60', ... % N Y Central 71% ... 1% North American 58 1 a .. 2 Paramount 20% ... % Pennsylvania 42% ... % Radio 13% .. ■% Radio Keith 11', .. % Sears Roebuck 46* 1* Stand Oil N J 30% . . 1% Texas Corn 18’* . % Union Carbide ex-div 44’* % ... United Air 22% ... 1* TJ S Steel 83% ... 1% Vanadium 23'a ... '/a Westlnghouse Electric 58% 'a ... Worth Pump 39* 1* ...

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Amer Founder's Corp com 2% 2% Amer and Gen Sec (A)....... 13 ... Amer Inv Trust Shares....... 4', 4% Basic Industry Shares 4'.- s’* Corporate Trust Shares 4* 4% Cumulative Trust Shares s'a 6 Diversified Trustee Shares (A) 13’, ... First American Corp : 6’, 6* Fixed Trust Oil Shares 3% 4% Fixed Trust Shares (At 11% .. Inv Trust NY 5* 6% Leaders of Industry Series A.. 6 Nation-Wide Securities 5 5% National Industry Shares 4* 4% No Am Trust Shares 4% 4% Sel Amer Shares 4* 4% Shawmut Bank Inv Trust 7 10 Universal Trust Shares 4% 5 Super Corp of Am Tr Shares A 5* 5% Fundamental Tr Sh (A) 5% 6 Fundamental Trust Sh <8>.... 6 6% U S Elec Light & Pwr (A).. 26*. 28%

New York Bank Stocks

(By Thomson & McKinnon) —June 3 Bid. Ask. America 40 43 Bankers 81% 84% Brooklyn Trust 380 395 Central Hanover 205 210 Chaise National 62% 65% Chatham Phoenix National 52% 55% Chemical 38 40 Cltv National 68’* 71* Corn Exehang# ........... 84 1 a 88% Commercial 230 240 Continental 1 : 13% Empire 39% 42% First National .......... 1.175 3.375 Guaranty 415 420 Irving 27% 29% Manhattan & Cos 66 69 Manufacturers 38 40 NtW York Trust 130 135 Public 44 47

New York Stocks 1 •Hv Thomson & McKinnon) ~

—June 3 Railroad* — Prev. High Low. 11:30 close. Atchison 139V* 135* 136* 134 V. Atl Coast Line.. .. ... *9 Balt & 0hi0.... 45* 45 45Va 44 Chcsa & 0hi0... 29% 28* 28* 28* Chesa Corp .. ... 39* 28% Chi Ort West.... 4* 4 4* 4 Chi N West.... 26* 25* 25* 25* Del LAW*..... 47 48* 47 45% Del & Hudson 108* 108* Erie ••• ••• 13* Erie Ist old 25Va 25 25 ... Great Northern.. 45 * 43* 4a* 44 Illinois Central.. 43 42* 43 41* Kan City So |7 > MK & r 10* 10 10* 10 N Y Central 73* 72% 73 71* N Y N H & H 65 64 65 64;* Nor Pacific 32 32,a Norfolk & West.. .. •••, TfL, Pennsylvania .... 42* 42* 42* 42, sS a pa n cW 8* ■* '* §7* Southern Ry... 27* 27* 27* 27* St Paul 8* •* St Paul pfd 5* 5* 5* ... St Lit S F ... 10 ,8 Union Pacific ..140 138* 138 a 13a Wabash g* 8 W Maryland 9* West Pacific 4 Equipments— Am Car & Fdy 14* 14* 14* 14* Am Locomotive 13% 13* 13* 14* Am Steel Fd . .. 12* 11* 12% IIH Am Airbrake S.. .. ... ... j® 8 Gen Am Tank... 54* o 4 54* 53* General Elec .... 37% 36* 36* 36 a Gen Rv Signal 46* 46* Lima Loco ... ••• -“.'* N Y Airbrake 12* Press Stl Car.,.. . ... ... 2* Pullman 30* 29 29* 29 4 Westlngh Airb.. 21 20* 20* 20% Westingh Elec.. 60Vi 59 59Va 58* Rubbers — Firestone 1* I®, Fisk . - % Goodrich ... 8-a 8% Goodyear 31* 31 Vs 31* 31 Kelly Sprgfld 1* 1* Lee Rubber .. • 2 ® U S Rubber 10* 10* 10* 10* Auburn 144* 139 140% 138 Chrysler 14* 13% 14 13 a Gardner ... * Graham Paige ... 3* 3* General Motors.. 32* 32’* 32% 31 2 Hudson ’... 11 % 11* 11% 11* Mack 26 V* 23% Nash 22% 21* 22% 21* Packard 5% 5* 5* 5.3 Pierce-Arrow Studebaker 13%,. 18%, 18% 18* Yellow Truck .... 6* 5 7 6 a-* Motor Access— Am Bosch ... •••,, I® Bendix Aviation 15* 14 -A 15* 15 Borg Warner... .. ... 15* 1= ? Briggs 9* 9 9* 8* Budd Wheel .., ••• J* 7* Eaton 10* 10 10* 10V El Storage 8... .. ... 51 49 Haves Body 2* 2* 3* 2* Houda 4% 4S 4* 4 2 Motor Wheel.... 9 9% 9 * 8 s Soarks-W 6* 6 Stewart Warner. 8* 8 8* 8 > Timkin Roll 33* 32% 33% 33* Am Metals 8% 8* 8% 8,4 Anaconda Cop... 20* 19 19 19 • Cal & Hccla 5* 5.* Cerro de Pasco.. 14* 14% 14* 14 * Dome Mines .... 13* 13% 13* 12 Freeport Texas.. 23% 22% 22% .2 2 Granby Corp .... lg* 10 4 Great Nor Ore.. 18 1 18*. 18* 19 Howe Sound 13-a 13 13 14 Int Nickel 10. 9* 9* 9* Inspiration .... 4 * 4% 4% 4 y Kcnnecott Cop 14% 14* 14% 14* Magma C0p..., 11 10* 10 s 10 2 Miami Copper.. .. ... Nev Cons 7 6% 6% 6* Texas Gul Sul.. 29* 29* 29* 29* U S Smelt 18* Amerada 16 15% 1* 15* Am Republic ... • •• * 8 Atl Refining .... H* 11 , H* 11 Barnsdall 6 5 • a 6 6 Beacon - Houston 8% 5 Indian Refining. .. ... 2% 2% Ohio Oil 7*’/ 7% Mex Sbd 11% 11% 11% 10% Mid Conti 6V 6* 6* 6 Pan-Amer (B).. ... 24 ... Phillips 5 4% Pr Oil & Gas... 8% 7% 8. 7% Pure Oil 5% sV's 5% 5% Richfield , 1 , Royal Dutch ... 26 25% 25% 25* Shell Un 4* 4% Simms Pt ... 5% Sinclair 6% 6V* 6% 6% Skelly 3 Vi Stand of Ca 1.... 32% 31% 32% 31 Stand of N J... 31% 31V, 31% 30% Stand of N Y... 15% 14Vi 15% 14V* Texas Cos 18% 18% 18* 18>4 Union Oil 18% 16% Steels— Am Roll Mi 115.... 16* 15% 16% 15% Bethlehem 40% 39% 39% 39* Bqers AM 25% 25 25 24% Colo Fuel 34% 33 33 10* Cruc Steel 32% Inland 39* Ludlum 9% 8 Vi Midland 14% 13* 14 14% Newton lire Repub I& S 10 , 10 U S Steel 85% 84* 84* 83% Vanadium 24* 22% 24* 23% Youngst S & W 15% Youngst S & T 40 Tobaccos— Am Sumatra Am T A (new) 102 99% Am T B (new) 106% 105% 105% 104 Con Cigars 29% 28% General Cigar 31% 31 % Llg & Myers B. 64% Lorillard 13* 13 \i 13* 13 Phil Morris 10 Reynolds T0b.... 45% 45 45% 45 Std Com T0b..., ... 2% Tob Pr A 10% Tob Pr B 1* 1% United Cig 4 4* Utilities— Abitibl 4 3% Adams Exp 11% 11 Vs Am For Pwr ... 23Vb 22 22 22V4 Am Pwr & LI 32 31% AT&T ...160% 158% 158% 158* Col Gas & El.. 21% 21 21 21% Com Sou ~...' 7 0% 6vg 7% El Pwr & L 1.... 32% 32% 32% 31* Gen Gas A 4% 4* Inti T & T 22 Va 31% 22* 21% Natl Pwr & Li.. 21 20% 20 V* 20% No Amer Cos ... 58* 57% 57* 58% Pac Gas & E 1... .38% 38% 38% 39 Pub Ser N J ... 74Va 73* 74 73% So Cal Edison. 37* 37 37*S 38* Std G & El ... 55 55* 5S 53* United Corp .. 18% 18% 18% 18% Ut Pwr & L A.. 20Vi 20 20 20 West Union ... 98 97 97 96* Shipping— Am Inti Corp., 10* 9* 10% 9% Atl Gulf & W I 18Vi Inti Mer M pfd 8% 9 No Gm Lloyd 23* United Fruit 49* 49 Foods— Am Sug 44 42% 44 42 Armour A 1% 1* 1% 1% Beechnut Pkg 44 % Cal Pkg .j 21 Vi Can Dry 36% 38* Childs Cos 18% Coca Cola 136% Cont Baking (A) 10* 10* 10* 10 Corn Prod 57 s * 55* 57% 55% Crm Wheat 27 Cudahy Pkg 37 Cuban Am Sugar 2% Gen Foods ... 42"a Grand Union 14* 14 Hershey 84* Jewel Tea 36Va 37 Kroger 25* 24% 25* 24 Nat Biscuit 61 60* 61 60* Pillsburv 26 Purity Bak 24% 24% Safeway St ... 45% 45% Std Brands 15% 15% 15% 15* Ward Bkg .. 3* Drugs— Cotv Inc 7 6% 7 6% Lambert Cos 61 59% 59% 61 Lehn & Fink ... 24 23* 24 23 Industrials— Am Radiator 11% 11% 11* 11* Bush Term 19* 19% 19% 19% Certalnteed 3% Gen Asphalt .... 16 15% 16 15% Lehigh Port 9* Otis Elev 32% 32 32% 32% Indus Chems— Allied Chem 105 103% 104 Vi 103* Com Solv 11% 11% 11* 11

Indianapolis Stocks

—June 3 Bid. Ask American Cent Life Ins C0..1.000 Belt R R & S Yds Cos c0m.... 31 40 Belt RR & S Yds Cos pfd 65.. 49 Va 55 •Bobbs-Merrill Cos 20 27 • •Central Ind Pow Cos pfd 75.. 78 83 Circle Theater Cos com 7s 100 Citizens Gas Cos com 10s 22 •Citizens Gas Cos pfd 5s 96 101 •Commonwlth Loan Cos pfd 7s 97 101 •Commonwealth In*Co pfd Bs. 100 Hook Drug com 7 Indiana Hotel Cos Claypool C.. 105 Ind Hotel Cos pfd 6s 100 Ir.dpls Gas Com 6s 57 60 Indpls Pw & Lt Cos pfd O'-ss.-lOl’a 107 •Indpls Pub Wei Ln Assn cm 8s 50 Indpls Wa Cos pfd 5s .101 Pub Servos Ind 7s 98 101 Pub Servos Ind 6s 82 87 Metro Loan Cos 8s 101 North Ind Pub Ser Cos pfd s’as 93 98 No Indiana Pub Sv Cos pfd 6s. 101 104 No Indiana Pub Cos 7s 110 E Ranh & Sons Per: Cos pfd 6s 47 Shareholders Inver* Cos 8 Ter Haute Tr & Li Cos pfd 6s 83 Union Title Cos com 3a 15 Van Camp Prod co Ist pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s . . P3 Backstav Welt Cos com 13 3 . 15 Ind Pine Line Cos 9 3 . 101a Link Belt com 25'a 26 Lynch Glass Machine Cos com.. 15** 16\ Noblitt Sparks Industrial Inc 31 33 Perfect Circle Cos com 27 29 Real Silk Hosiery Mills Inc Cos 11 3 12 Standard Oil Cos (Indiana) 21‘ ... Ross Gear . 19 21 Natl Tile \ 4U 5 J D Adams Manufacturing Cos 18 3 31** •Ex dividend. BONDS Bid. Ask. Belt R R & Stk Yds Cos 4s .... 92 Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 100 Citizens Gos Cos 5s 100 Citizens Street Railroad 5s .. 21 Home T & T of Ft. wavne 6s. 102 Ind Railw /b Light Cos 5s 93 Indpls Pow * Li Cos 5s 103V* ... Indpls Gas Cos 5s 103 ... Indpls Street Rvs 4s 12 Indpis Trac Terminal Cos 55.. 45'a ... Indpls Union Rv 5s 100 Indpls Water Cos 5> s s ’54 104 Indpls Wat Cos Ist lien ref ss. 100 ... Indpls Water Cos 4Us 99 ... Indpls Water Wks Sec Cos 55.. 89 Interstate Pub Ser Cos 4V%.. 931% ... Interstate Pub Ser Cos (B) SlsslOS Interstate 5s , 99 No Ind Pub JfServ Cos 5s 103 Terre*H T s: L 5e • 94 ...

Union Carb .... 45% 44% 45 44% U S Ir.d Alco 27* 28% Retail Stores— Assoc Dry Odes ... *7 G’mbe 1 8r05.... 4* 4Vs 4* 4* Kresge S S 26% 26* 28* 26* May D Store.. 30 29* 29% 29V. Mont Ward 16% 16* 16% 16% Penny J C 29* 28 29 % 29‘3 Schulte Ret St ••• Scars Roe 47* 46 46% 46% Woolworth .... 64V a 63* 63-a 63 V, Amusements— Bruns Baike .■ • Col Graph 6% 6* 6* 6* Croslev Radio ...... .„J* Eastman Kod ..124 121* 123% 122 Fox Film A 14% 14 14 14 Grigsbv Gru.... 2* 2* 2* 3* Loews Inc ...... 37 36* 37 36% Param Fam.... 20% 20% 20% 20* Radio Corp 14* 13% 13* 13%, R-K-O 11* 11* ll4s 11* Schubert , ... |, Warner Bros .. 6% 6Vs 6* 5* City Ice &Fu 31% 31% Congoleum 8% BV, 8* 8* Am Can 34% 93% 93* 93* Cont Can 42 41 41 41* Curtiss Wr 3% 2V, 2% 2* Gillette S R 23 22* 22% 21% Un al ArcVt k .7.7.y. 23% '* ‘2i% 22% Int Harv 39% 39% 39,. 39%

The City in Brief

THURSDAYS EVENTS Advertising Club luncheon. Columbia Club. ... t Indianapolis Engineering Society luncheon. Board of Trade. American Business Club luncheon. Columbia Club. Real Estate Board luncheon, .Indianapolis Athletic Club. Sigma Nu luncheon, Lincoln. Indianapolis League for the Hard of Hearing. 11 a. m., Stokes building. Alvin T. Coate, president of the Insurance Audit Inspection Company, will speak at the meeting of the Bible Investigation Club of the Y. M. C. A. tonight on “The Emerging Christianity.’’ Increase in co-operative buying by farmers was pointed out today in a statement by L. H. Hull, manager of the Indianapolis Farm Bureau Co-operative Association. J. O. F. Dorsctt of Indianapolis, son of Mr. and Mrs. R. C. Dorsett, 270 North Adison street, is one Os the twenty-nine honor students in the graduating class of the United States naval academy at Annapolis, Md. He will be assigned to duty on the United States steamship Idaho, home port of which is Los Angeles. Advertising Club of Indianapolis, at its weekly luncheon at the Columbia Club Thursday, will hear W. Earl Aumann of St. Louis, clothing company advertising manager, on “When Everything Is Right—Then Advertise.” Thomas H. Fittz, formerely associated with the law firm of Taylor & Carter, has moved into an office at 504 Circle Tower building, where he will practice law. Indianapolis Exchange Club will entertain feminine guests at a dinner in the Lincoln Friday night, prior to a theater party at English’s. Choir of Barnes M. E. church and pupils of Miss Blanche Dawson, a music instructor, will give a recital in the church, at Twenty-sixth and Nice streets, Friday night at 8:15. Gold medal, commemorating fifty years of service with the Railway Express Agency, was awarded H. B. Calkins, superintendent of the company’s southern Indiana division at ceremonies in the agency office, 257 South Meridian street, Tuesday night. First of a series of summer lobby programs will be given in the Y. M. C. A. tonight at 7:30. The “Y” orchestra, glee club and quartet wil'j provide the entertainment. Similar events will follow each Wednesday evening during the next three months.

Produce Markets

Eggs (country run) —Loss off delivered in Indianapolis. 12c; henery duality. No. 1. 14c; No. 2. 19c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 17c: under 5 lbs.. 17c; Leghorn hens. 14c; 1930 broilers, full feathered 1% lbs. and uo, 24c: under 1% lbs., 20c; bareback. 16c: Leghorn broilers. 20c: ducks. 9c; old cocks. B@9c: ducks, full feathered, fat whites. 9c; geese. 6c. These prices are for No. 1 top duality, quoted by Kingan & Cos. Butter (wholesale)—No. 1. 28 329 c: No. 2. 26@27c. Butterfat—23c. Chese (wholesale selling price per pound) —American loaf. 22c: pimento loaf, 32c; Wisconsin firsts. 19c; Longhorns. 16c: New York limberger. 30c. By United Press NEW YORK. June 3.—Potatoes —Market, easy: southern, [email protected] barrel; Maine, [email protected]; Canada. $1.2501.50. Sweet potatoes—Alarket. easy: Jersey baskets. $1.90 @3.25. Flour —Market, ouiet and steady; spring patents. [email protected]. Pork —Market, steadv: mess. $22. Lard—Market, stronger, middlewest spot. $7.90@8. Tallow —Market, easier; special to extra, 3%@3%c. Dressed poultry—Market, weak: turkeys, 25@44c; chickens. 25@38c: broilers. 28@42c: fowls, 12@ 27c: Long Island ducks. 16@19c. Live Doultrv —Market, dull but steady: geese. 10@12c: ducks, 14@24c: fowls. 20@23c; turkevs. 15330 c: rocsters. 12@14c: broilers. 20335 c. Cheese—Market, ouiet; state whole milk, fancy to special, 12@23c: young America. 14@19%c. By United Press CHICAGO. June 3.—Eggs—Market, steadv; receipts. 13,997 esses; extra firsts, 16%c: firsts. 16c: current, 15c: seconds. 13'ic. Butter—Manket, weak; receipts. 6.718 tubs; extras. 23c: extra firsts, 22@ 22%c; firsts. 21@21%c: seconds, 19@20c; standards. 23c. Poultry—Market, steaffy; receipts. 1 car: fowls. 18%@20c: springers. 26c; Leghorns, 17c; ducks. 16c: geese. 12c: turkevs. 20@23c; roosters. 12%c: broilers. 2 lbs.. 28c; broilers, under 2 ibs.. 24c: Leghorn broilers. 23c. Cheese — Twins. 12@ 12*c: Young Americas. 12@ 12*c. Potatoes—On track. 306: arrivals. 105: shipmbents. 1.037: market, dull, about steadv; Louisiana sacked Bliss Triumphs, 51.50® 1.65; Alabama and Texas triumphs. $1.5001.68: Idaho Russets. 51.4031.50; Georgia barrels, triumphs. $3.

Local Wagon Wheat

Citv grain elevators are paying 68c for No. 1 rd wheat jmd 67c for No. 1 hard wheat. New York Liberty Bonds —June 2 3'is 102.18 Ist 4%s 103.12 4th 4’*s 104.30 Treasury 4*s 113.30 Treasury 3%s 107.7 Treasury 3%s of ’47 103 Treasury 3%s of ’43 March 102.26 Treasury 3%s of '43 June 102.26 PENNSY EMPLOYES GET HALF OF ROADS INCOME Over 45 Per Cent of 3loney Earned Given to Workers. Employes of the Pennsylvania railroad were paid nearly half of the entire income of the company last year, according to an analysis of the company’s 1930 revenues made public today. Wages for Pennsylvania railroad workers required 45.49 cents out of every dollar earned by the railroad last year. Passenger and freight receipts on the entire Pennsylvania railroad system, plus all revenues from all sources, amounted to $640,401,141 for 1930. Os this sum, $516,638,650 came in over the ticket and freight agents' counters for transportation and incidental service provided for shippers and passengers. Investments and other sources of income were responsible for the remainder of the year’s receipts,

THE INDIANAPOLIS TIMES

PORKERS SHOW FIRM TONE ON GOODDEMAND Weights From 210 to 280 Pounds Up 5 Cents: Cattle Even. May Bulk Early Top Receipts 26. $6.30<3 6.65 $6.65 8,000 27. 6.05 @ 6.40 6.40 8,000 28 5.90# 6.20 6.20 6,500 29. 5.95# 6.30 6.30 4.000 June 1. 6 00 ® 6.25 6.25 7.500 2. 6.00® 6.25 6.25 6.000 3. 6.00® 6.25 6.25 7,000 Hogs displayed a slightly stronger tone this morning in trade at the city yards, prices moving up 5 cents on several classes, mainly weights from 210 to 205 pounds. The bulk, 140 to 300 pounds, sold for $6.00 to $6.25. Receipts were estimated at 7,000; holdovers were 261. Early trade in cattle was generally steady. Receipts numbered 1,400. Vealers held unchanged at $8 down. Calf receipts were 800. Sheep were weak to lower, selling mostly at $lO down on lambs. Early top was $10.25. Receipts were 1,000. Chicago hog receipts were 19,000, including 5,500 direct. Holdovers were 4,000. The market was slow with a few early sales and bids around steady with Tuesday’s average. Good to choice 180 to 210pound weights brought $6.15; strictly choice kinds held higher; 220 to 250-pound kinds sold at $6.10; 270 to 280-pound weights $5.90. Cattle receipts were 8,500; calves, 3,000; market steady. Sheep numbered 15,000; market weak. ' HOGS Receipts, 7000; market, steady. —Light Lights—-(l4o-160) Good and choice $ 6.10® 6.26 —Light Weights—-(l6o-180) Good and choice.... 6.25 (180-200) Good and choice.... 6.25 —Medium Weights—-(2oo-220) Good and choice.... 6.25 (220-260) Medium and g00d... 6.15® 6.20 —Heavy Weights—-(2so-290) Medium and g00d... 6.00@ 6.15 (250-290) Medium and g00d... 5.85® 6.00 p j ckinsc sows (275-500) Medium and g00d... 4.25® 5.25 (110-120) Slaughter pigs 6.00® 6.10 CATTLE (Slaughter Class) Receipts, 1,400; market, steady. —Steers— Good and choice $ 6.50® 8.00 Common and medium 5.25® 6.50 (1,100-1,500) Good and choice..,. 6.25® 7.75 Medium 5.50® 6.25 '—Heifers—-(soo-850) Good and choice 6.25® 8.00 Common and medium 4.75® 6.25 —Cows— Good and choice 4.25® 5.25 Common and medium 3.50® 4.25 Low cutters and cutters 2.25® 3.50 —Bulls (yearlings excluded) — Good and choice beefs 3.50® 4.25 Cutter, common and medium.. 2.25® 3.50 CALVES AND VEALERS Receipts, 800; market, steady. —Vealers— Good and choice $ 7.50@ 8.00 Medium 5.50® 7.50 Cull and medium 3.00® 5.50 —Calves—-(2so-300) Good and medium 5.00® 7.00 Common and medium 3.00® 5.00 STOCKERS AND FEEDER STEERS Good and choice ! 5.50@ 7.50 Common and medium 4.00® 5.50 (800-1,500) Good and choice 5.75® 7.50 Common and medium 4.00® 5.75 SHEEP AND LAMBS Receipts, 1,000; market, steady. Good and choice $ [email protected] Common and medium 6.00® 8.50 Ewes, medium and choice .... 1.75® 2.75 Cull and common I.oo® 1.75 Other Livestock By United Press CHICAGO, June 3.—Hogs—Receipts. 19,000. including 5.000 direct; active, strong to 10c higher; heavies up most; bulk. 180250 lbs.. [email protected]; top. $6.30; 260-300 lbs.. $5.85®6.10; choice. 393 lbs.. $5.50; pigs, [email protected]: light lights. $6®6.20; packing sows. $4.70®5.25; light lights, 140-160 lbs., good and choice. [email protected]; lightweights, 160-200 lbs., good and choice, $6.10®6.30: medium weights, 200-250 lbs., good and choice. [email protected]; heavy weights. 250-350 lbs., good and choice. $5.65@620; packing sows. 275-500 lbs. medium ahd good. $4.70 @5.35; slaughter pigs. 100-130 lbs., good and choice, [email protected]. Cattle—Receipts, 8.000; calves. 3,000; generaly market 25c higher, active at advance; fed steers and yearlings, 50c@$l over low time last week; $8.75 paid for long yearlings; best weighty steers. $8.25; bulk. $6.75@8; yearlings getting best action; she-stock mostly 25c higher; slaughter cattle and vealers: Steers, 600-900 lbs., good and choice. $7.25 @8.75; 900-1,100 lbs., good and choice, $7.25 @8.50; 1.100-1,300 lbs., good and choice, $7 @8.50: 1.300-1.500 lbs., good and choice, [email protected]; 600-1,300 lbs., common and medium, $5.50@7: heifers. 550-850 lbs., good and choice. $6.75@8; common and medium, [email protected]; cows, good and choice, $4.50® 5.50; common and medium, [email protected]; low cutter and cutter cows. [email protected]; bulls, yearlings excluded, good and choice, beef. [email protected]; cutter to medium, [email protected]; vealers, milk fed. good and choice. sß@ 9.50: medium. 56.50@8; cull and common, [email protected]; stocker and feeder cattle: Steers. 500-1,050 lbs., good and choice. [email protected]: common and medium. $4.75@6. Sheen — Receipts. 15,000; market not established early; few sales steady; packers bidding lower: choice native ewe and wether lambs, $10.25; Idahoes held at $10.50; few fat ewes. [email protected]; lambs, 90 lbs. down, good and choice, [email protected]; medium. sß@ 9; all weights, common. s6@B; ewes. 90-150 lbs., medium to choice, $1.75@3; ail weights, cull and common, sl@2. By Times Special LOUISVILLE. Kv.. June 3.—Hogs—Receipts, 700; market. 10c higher: 225 lbs. up. $5.60; 165-225 lbs., $6.15; 130-165 lbs.. $5.50; 130 lbs. down. 54.85; roughs. $3.10® 4.10: stags. $2.35. Cattle—Receipts, 100; market, steady: prime heavy steers. s6@ 7; heavy shipping steers. $5.50@6; medium and plan steers. [email protected]: fat heifers. 86 @7.50; common to medium heifers, s4@ 6; good to choice cows. [email protected]: medium to good cows. [email protected]; cutters, [email protected]; canners, [email protected]; bulls. s3@ 4; feeders, s6@7; Stockers. [email protected]. Calves—Receipts. 400; market, steady; good to choice. [email protected]: fancy 700 outs. $5 down. Sheep—Receipts. 3.000; market, not yet established, prospects steady. Tues~ day’s shipments: Cattle, none; calves. 311: hogs, none; sheep. 4,062. By United Press CINCINNATI. 0.. June 3.—Hogs—Receipts. 2.300: heldover. none; moderately active: steady to 10c higher; better grade. 170-225 lbs., largely $6.50; 235 to around 2SO lbs.. [email protected]: 280-310 lbs.. $5.75@6: 120-150 lbs. mostly $6; sows. $4.25 to mostly $4.50; smooth light weights up to $4.75. Cattle—Receipts. 200; calves. 450; steady; supply very light, common and medium steers and heifers Quotable, Ss@ 6.50; better grade yearlings. [email protected]; beef cows. [email protected]: low cutters and cutters, [email protected]: bulls. S3@4: vealers. fully steady; good and choice. s7@B: lower grades. $7 down. Sheep—Receipts. 3,000; lambs, mostly 50c lower: lower grades very draggy: better grades. [email protected]: choice ewes and wether offerings upward to $10; throwouts, [email protected]: some in between kind upward to $8.50: sheep, weak to 50c lower in verv dull trade: light weight fat ewes. [email protected]; heavy weights down to $1.50. By United Press PITTSBURGH. June 3.—Hogs—Receipts. 1.000: market mostly 15c higher: pigs and packing sows about steady; 140-200 lbs.. 56.65@,6.80; 210-240 lbs.. [email protected]: 250-300 lbs.. [email protected]; 100-130 lbs.. [email protected]; good packing sows. 5475 downward. Cattle —Receipts. 25; asking higher for steers: lightweights around $7. Calves—Receipts. 150: market steady; better grade vealers, SB@ 9. Sheep—Receipts, 500: market slow, around steady; desirable lambs, [email protected]; medium grade yearlings. S3@6 Py United Press CLEVELAND. June 3.—Hogs—Receipts. 1.800; holdovers. 55: steady; 160-210-lb. sorts. 56.50; 220-250 lbs.. SS.3O; 260-300 lbs., $6.50; pigs. 56.25: rough sows. 54.50: I stags. 53.25. Cattle—Receipts. 300; steady to strong on mostly medium to good kinds here; steers weights range 1,030 lbs. down at $6.50®7.50: cutter to medium cows, [email protected]. Calves—Receipts. 850; about steady; better grades. sß@9; closely sorted at top: plain heavies downward to $7; only culls under $6. Steep—Receipts, 700'; lambs steady to 25c higher: bulk $10.50 down; sparingly $10.75 to local killers; nearly good yearlings. $7; bulk ewes. $3 down, about steady. By United Press EAST ST. LOUIS. HL. June 3.—Hogs— Receipts. 14.50; market, active at strong to 10c higher prices than Tuesday; top. $6 20: most 160-230 lbs.. [email protected]: 240300 lbs.. $5.7566.05; around 350 ibs.. $5.55; 150 lbs. down. [email protected]: sows. 54.50@5. Cattle—Receipts. 2.500. Calves—Receipts, 1.800: market, largely a steer, mixed yearling and heifers run: earlv sales steady to strong with some light heifers. 25c higher; other classes steadv; steers. s7@B: heifers, [email protected]: cows. [email protected]: top. $5.25; medium bulls. $2.75 down; good and choice veaierss, $8.25. Sheep—Receipts. 6.000: market, not established: Indications around steady on some best lambs, and weak on others; lambs. 90 lbs. down, good and choice. $8.75® 10.25: medium. 57.25G8.75; all weights common. $5.50®7.25; ewes. 90ISO lbs., medium to choice. $1.75 8 2.75; all VraUtete, i*U *b4 twaawn, [email protected],

BELIEVE IT or NOT

U/outh You like 1o be a IMJODE.CII 1/ONA/P.E 1* AURICHT.L. If /OUR INCOME WERE ONE MU.UONBOUARS EACH SECONO- - (T WOULD TAKE you MORE THAN MmaCUCK I—*■>*—* o,s WW.'t, - A 12. o'clock Town M THE. STATE. OF TEtfAS USES A HAMMER FOR HtS RIGHT ARM. O i JJI. King Features Syndicate. Ine. Great Britain rights resenc*'

Following Is the explanation of Ripley’s “Believe It or Not” which appeared in Tuesday's Times: Raymon, the Man Who Cries— Ravmon, a vaudeville and motion picture performer, is able to pro-

Dow-Jones Summary

Associated Oil declared a dividend of 35 cents, payable June 30, of record June 13. Previously paid 50 cents quarterly. Adams-Millis Corporation May shipments $639,861, against $727,239 in May. 1930. Five months $2,925,256, against $3,069,242. New York state public service commission approves revision of New York city electric rates, which will save consumers more than $5,500,000. New York cables opened in London at 4.86 23-32. unchanged: Paris checks. 124.24; Amsteradm, 12.09; Italy. 92.995; Berlin, 20.49. Texas Company meets Standard of Indiana cut in midcontinent crude oil. Withdrawn posted prices in East Texas. Prices also were reduced elsewhere in Texas and in New Mexico. Treasury official reports $800,000,000 3% per cent bonds substantially oversubscribed. Books held open for wider distribution. Federal deficit in fiscal year to end June 30, now estimated between $900,000,000 and $950,000,000. Electric Boat Company gets $3,297.000 navy submarine contract. Spencer Trask Fund, Inc., declared a regular quarterly dividend of 25 cents, payable June 30, of record June 10. Mead Johnson & Cos., declared usual extra dividend of 50 cents and regular dividend of 75 cents on common stock, payable July 1, of record June 15. Brlckford’s. Inc., declared a regular quarterly dividend of 30 cents on common stock, payable July 1, of record June 20. Caterpillar Tractor Company reduces prices on grader models from 45 2-10 par cent to 40 6-10 per cent. Other products unchanged. Freight car loadings in United States in week ended May 23 totaled 755,071 cars. Foreign copper sales Tuesday totaled 5.250.000 pounds. Auburn Automobile declared regular quarterly dividends of $1 in cash and 2 per cent in common on common stock. American Express declared a regular quarterly dividend of $1.50. Congress Cigar declared a regular quarterly dividend of sl. Street brokers’ loans on May 29, $1,434,683.650. a decrease of $216,444,474 from month ago. and comparing with $4,747,831.912 a year ago. Bankers Trust declared a regular quarterly dividend of 75 cents. Other Livestock By United Press EAST BUFFALO. N. Y.. June 3.—Hogs— On sale. 2,200; fairly active, mostly steady; desirable 140-210 lbs.. [email protected]; 220-260 lbs.. [email protected]; pigs, $6.35<K6.50; packing sows. 54.25ffi4.75. Cattle—Receipts. 175; steady, mostly cu tetr cows ata [email protected]; few medium bulls, $3.50(84. Calves —Receipts. 300; good to choice native vealers, steady at $8(88.50; slow on others; common to medium. [email protected] Sheep—Receipts. 700; lambs, slow, weak to 25c lower; nothing choice here; bulk. $10(811: throw'outs, [email protected]; sheep scarce, steady to weak; shorn ewes. $1.50@3. By United Press TOLEDO, June S.—Hogs—Receipts. 350; market, steady to strong; heavies. $5.50® 5.75: mediums, $5.83#6.10: Yorkers. $6.10(8 6.25; pigs. $5.75(86. Cattle —Receipts, light: market, steady. Calves —Receipts, light; market, steady. Sheep—Receipts, light; market, steady. Chicago Stocks Opening (By James Hamill & Cos.) —June 3 Assoc Tel Util 22% Grigsby Grunow 3 Bendix Avia .. 15 Houdi A 1214 Borg Warner .. 15 Elec Hsehold .. 18 Cent So West... 14% Insull com .... 2614 Uord Corpn ... 7% Insull 6s ’4O 77 Conti Chi C c 4 % Middle west com 15% Conti Chi Cor p 34'iSwift & Cos 25 Central Pub S A 11% Swift Internatnl 30 NEW YORK COFEE RANGE —June 2 High. Low. Close. March 6.33 6.30 6.31 May 6.32 6.32 6.32 July 6.00 5.95 5.99 September 6.15 6.07 6.11 December 6.25 6.17 6.2!

If Hubby Is Late , Just Blame Amos ’n’ Andy If Friend Husband is late habitually of evenings, abqut fifteen minutes, don’t look for blond hairs on his coat. True, his lateness just started in the last month, but so did daylight saving time, and thereby hangs this badge of his infidelity to the dinner table. For the Big Butter-Spreader will be found daily between 5 and 5:15 p. m. on the sidewaik in front of the Indianapolis Power and Light Company's building on North Meridian street, listening to a loud-speaker broadcasting “Amos and Andy.” At the first strains of the “Perfect Song,” they flock to the speaker. Baseball scores and race results are forgotten for the “I’se regusted,” and “Sho!” Passersby are forced to zig-zag their way through the crowd that lines both sides of the walk.

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

duce tears at will, and makes his living exercising this unusual ability. During the last year his performances have been given in southern California, and he will be at Venice until September of

TWO NABBED IN GIN ‘MILL' RAID ‘Three-Minute’ Apparatus Found, Sleuths Say. Apparatus for making “threeminute imported gin and whisky” was not working today. Police sponge squad, headed by Sergeant Irvin Landers, took possession of the supplies Tuesday night, they reported, in a raid on the residence of Newel (Blackie) Black, 1504 North Pennsylvania street, Apartment 4. Black is charged with operating a blind tiger. ' Police said they confiscated special bottles, foil caps, machinery for attaching seals and labels, watermarked paper and corrugated wrappings. Landers said Black was arrested after he and members of his squad followed Ted Sheets, 28, of 1138 South Belmont avenue, into the apartment. Sheets was charged with transporting liquor and blind tiger after police said they confiscated several gallons of alcohol and the “delivery” to Black. Both cases will be turned over to federal authorities.

POLICEMAN REWARDED FOR ADVICE GIVEN BOY Quarter Returned With Interest After Twenty Years. By Times Special HAMMOND, Ind., June 3.—A few days ago Oscar C. Borchart, Hammond police sergeant, received from Matt Simmons, Chicago, a quarter, with generous interest, canceling a debt of twenty years’ standing. When a boy of 10, Simmons, now 30, ran away from Chicago Home for Jewish Orphans and came to Hammond. He encountered the policeman on a street corner. Borchart gave him a quarter, with, the advice to use it as carfare back to the home and to remain there until he was grown up. Simmons heeded the advice. In returning the money he told Borchart the advice was good. Pioneer Merchant Dies By Times Special WASHINGTON, Ind., June 3. Levi E. Hamersly, 66, pioneer merchant, died of heart disease in his store here. With his father, he established the store thirty-nine years ago. Tree Cutter Killed By United Press SPENCER, Ind., June 3.—Guy C. Kiphart, 37, died in a hospital of injuries suffered when a tree he was chopping struck another. A limb punctured his lungs. Farmer Missing By Times Special PILOT KNOB, Ind., June 3.—Alex Cox, 51, farmer near here, is missing. He has not been seen since Sunday when he left the house to do some chores. A posse of 100 persons is seeking him.

I~C Registered D. 8. JLf V Fatent Office RIPLEY

this year. He recently played the part of “Runch” in the Spanish verion of the movie “The Criminal Code.” Thursday: “The Match That Will Light 600 Times.”

In the Stock Market

(By Thomson & McKinnon) NEW YORK, June 2.—Pressure on stocks at least moderated today. In fact, the market made several attempts to stage a fair rally. Belated liquidation carried over from Monday was absorbed early in a creditable fashion. This encouraged short covering as well as some outside buying. Tension ove> financial conditions abroad was somewhat relieved by the announcement that the federal reserve bank was co-operating with the International bank in extending credit to the Austrian Central bank. The improved sentiment, however, was not to endure long. Pressure was resumed with the leading rails, United States Steel and the utilities bearing the brunt. Liquidation in the utility stocks was quite apparent. The impression was that much of the selling in that department was inspired by remarks of Governor Pinchot, attacking private control of our public electric utilities. Naturally with investors already confused over the earnings prospects of industry in general, it needed only the slightest suggestion of further obstacles to discourage buying. Notwithstanding it was consoling to witness even partial relief from the recent unremitting pressure. Once that factor has been overcome a better measure of confidence would be restored.

ACCUSED GETS DELAY Former Insurance Company Employe Faces Embezzlement Charge. By Times Special KOKOMO, Ind., June 3.—After counsel for the state had agreed to the action, Judge Joe Cripe of Howard circuit court granted a continuance in the embezzlement trial of Arka M. Shanks, former district manager of the Conservative Life Insurance Company of America. The request for a continuance was made for the defendant. The state contends Shanks had a shortage of $581.73 in his accounts on June 4, and is guilty of embezzling that amount. The defendant declares the company is indebted to him in the amount of $659.25, one item being $491 due him as beneficiary of an insurance policy on the life of a niece. BULLETS MISS JUDGE Automobile Fired Upon on Return Trip From Church. MUNCIE, Ind., June 3.—The Pilgrims didn’t face greater dangers in going and coming from church than did Judge and Mrs. L. A. Guthrie. Returning to Muncie from a country church, the judge’s automobile approached another coming from an opposite direction. Just as the two cars came abreast, several shots were fired, but none hit the Guthrie car. Then, to add to his troubles, the judge’s car ceased to function, a broken axle being to blame. Gas Charges Explained KOKOMO, Ind., June 3.—Under the therm system of billing gas, a consumer here would pay $5.25 for 2,000 cubic feet, while the same amount on present basis of billing costs $3, according to a report of a survery made by Thomas D. Pierce, utility rate engineer, on authority of the city administration.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb tiMdatlon Rooms 200-214 Circle Tower Telephone Lincoln 5501

-JUNE 3, 1931

FARM BOARD'S ACTION SENDS ' WHEAT LOWER Cash Month Collapses 13 1-2 Cents at Minneapolis: Corn Uneven. By HAROLD E. RAINVILLE United Press C-taff Corresnondent CHICAGO, June 3.—Demoralized by the withdrawal of the farm board from the wheat market, prices skidded sharply lower on the Board of Trade today and closed with but partial recoveries. June Collapsed at Minneapolis and Duluth, falling 131 2 c at the former market and 12 j 2C at the latter, although off onlv around 5Hc here. The new crop wheat futures fell to new low levels for the season for all deliveries, July falling more than 2Vsc at one time to 57He per bushel. President Milnor and Chairman Stone confirmed the report around noon. Corn Options Rally July wheat and corn sold at the same price at one time and July corn was around 4 cents over the September delivery. Short covering in the nearby month rallied corn back to around the previous close with July advancing. Oats moved with the major grains, September and December corn and July oats also set new lows during the day. At the close wheat was H to 2H cent lower; corn was U cent lower to I2 cent higher, and oats were H to Vi cent lower. Provisions were firm. Liverpool was lower on the reported rains in Canada and on the disappointing action at Winnipeg in response to the bullish crop report Tuesday, closing 1 cent lower. Winnipeg was closed today. Trade was cautious and quiet after the opening. The cash market was inactive with no sales. Receipts were 55 cars. Oats Change Little Corn started lower on the favorable weather, but rallied with wheat and went fractionally above Tuesday’s closing levels. Prices held the advance well during the morning until decided weakness in wheat caused a % to 3 S cent recession at mid-session. Receipts continue very light. Cash prices were unchanged to 1 cent lower. Receipts were 86 cars. Oats made very little change, starting around steady and lowing Vs to H cent off at mid-morning. The market was featureless with the action of wheat and corn dominating the trade. Cash prices were unchanged. Receipts were 18 cars. Chicago Grain Table ■—J unc 3 WHEAT— Prey. Open. High. Low. Close, close. July... .59 .59 '4 .56% .56% .59% Sept... .57M .57% .56% .56% .57 4 Dec 60 3 s .61 .59 5 a 60% .60% June.... 70% .70% .65% .66% 71% CORN— July... .56% .57% .55% .56% .56% Sept 52% .53% .51% .52% .52% Dec 46% .47 .45% .46% .46% OATS— July... .28% .26% .25% .26 .26% Sept... .26% .26% .26'% 26% .36% Dec 28% .29% .28% .28% .29 RYE— July... .36% .36% .35% .36% .36 Sept... .37% .37% .37% .37% .37% Dec 40% .40% .40% .40% 40% LARD— July.. 7.70 7.70 7.62 7.62 7.65 Sept.. 7.77 7.82 7.77 7.77 7.77 Oct... 7.75 7.80 7.67 7.72 7.72 BELLIES— July.. 8.20 8.25 8.20 8.25 7.95 Aug 8.30 8.05 Sept.. 8.37 8.40 8.37 8.40 By Times Special CHICAGO. June 3.—Carlots: Wheat. 72; corn. 38; oats. 4; rye. 0, and barley. 6 By United Press CHICAGO. June 3.—Cash grain close: Wheat—No sales, a bid in market at 73c for No. 3 mixed farmers national. Corn —No. 2 mixed. 55c: No. 3 mixed. 54Vic; No. 5 mixed. 52%c; No. 1 yellow. 55%(f7 56c; No. 2 yellow. No. 3 yfTTow, 54%@55%c; No. 4 yellow. 54'ic: No. 5 yellow, 53%c; No. 6 yellow. 52%'853c: No. 2 white. 574758 c. Oats—No. 2 white, 27%c; No. 3 white, 26c; No. 4 white. 24%c. Rye—None. Barley—37® 55c. Timothy—sß[email protected]. Clover—slo.so® 17.50. By United Press TOLEDO. 0.. June 3.—Grain close: Grain on track. 28%c rate. Wheat —No. 2 red. 75(5.7ec: No. 1 red. 1 cent premium. Corn—No. 2 yellow. 55(&.55c: No. 3 • vefiow, 53%®54%c Oats—Mo. 2 white. 28®29c; No. 3 white. 27® 23 c. Clover—Domestic, prime, old. $13.75; prime, new', sl4; prime choice, new. $14.25; prime, choice, old. sl4: October. $14.25; December. $14.50. Alsike—Cash. sl4. Butter —Fancy creamery 27®28c. Eggs—Country run, 15@16c. Hay —Timothy per cwt. $1.25. RAW SUGAR PRICES —June 2 High. Low. Close. January 1.35 1.33 1.33 March 1.42 1.39 1.39 May 1.50 1.46 1.46 Julv 1.21 1.15 1.15 September 1.28 1.23 1.23 December 1.37 1.32 1.33

NOTICES ktvu t'uoßT rtn* UTILITIES POWER & LIGHT SYSTEM (For quarter ending June 30, 1931) T Interstate Power Company $7 and Dividend Preferred Stock* Quarterly divid’d $7 pfd..51.75 per *hara Quarterly divid’d $6 pfd.. I.SO per share Payable on J u lv 1, 1931 To stockholders of record June S. 1931 ▼ Contral States Utilities Corporation $7 Dividend Preferred Stock Quarterly dividend |I.7S pec share Payable on July 1, 1931 To stockholders of record June 10. 1931 ▼ Central States Power & Light Corporation $7 Dividend Preferred Stock Quarterly dividend $1.75 per ,K, r Payable on ... July j To stockholder of record June 5,’ 1931 V Indianapolis Powor & Light Company &Vi% and 6% Preferred Stock* Quarterly div’d 6i% ofd. $1 per .hare Quarterly div dO% pfd. . $1.50 per share Payable on July 1 1931 To stockholder* of record June 5’ 1931